| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $34M | $41M | 6.5% | -13.4% |
| Op. Income | -$8M | -$15M | -$22M | 47.5% | 65.2% |
| Gross Margin | 28.2% | 1.1% | 14.6% | 27.1pp | 13.6pp |
| Net Margin | -17.6% | -24.6% | -49.4% | 7.0pp | 31.9pp |
| EPS (Diluted) | $-0.12 | $-0.16 | $-0.41 | 25.0% | 70.7% |
| Free Cash Flow | -$16M | -$14M | -$641.0K | -17.9% | -2468.8% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $14M |
| Operating Expenses | $18M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $291.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $6M |
| EBIT | $428.0K |
| EBITDA | $7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $178.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $94.0K |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $90M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | $71M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $10M |
| Net Receivables | $2M |
| Inventory | $21M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $106M |
| PP&E (Net) | $218M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $390M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $624M |
| TOTAL ASSETS | $731M |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $126M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $206M |
| TOTAL LIABILITIES | $251M |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $480M |
| Minority Interest | $0 |
| TOTAL EQUITY | $480M |
| TOTAL LIABILITIES & EQUITY | $731M |
| Total Debt | $127M |
| Net Debt | $59M |
